What is Telecash?

Telecash is a mobile money service owned by Telecel and it operates in pretty much the same way as Ecocash it’s popular rival. Unlike Ecocash, Telecash also has a ZIMSwitch enabled card that allows you to swipe at Point of Sale terminals just as you would with any card. Telecash has the following services:

  • Send money to other Telecash users
  • Cashout (this is near impossible because of the cash crisis)
  • Bill payments
  • Merchant payments
  • Swipe

Telecash has fees for each of these services.

What are the Telecash tariffs or fees?

Telecash fees depend on :

  • The transaction value
  • Transaction values are placed into bands e.g. from $50.00-$99.00. The fee for each band is fixed
  • This fee also depends on the type of transaction involved e.g. send money, paying a bill, pay merchant etc.

Wallet To Bank Fees

Lower Value ($)Upper Value($)Current Charge ($)IMT Tax ($)Max Fee Including Tax ($)
0.0110.001.500.001.50
10.0120.001.500.001.50
20.0130.001.500.001.50
30.0140.001.500.001.50
40.0150.001.500.001.50
50.0175.002.000.002.00
75.01100.003.000.003.00
100.01150.003.000.003.00
150.01200.003.000.003.00
200.01300.003.006.009.00
300.01400.003.008.0011.00
400.01500.004.0010.0014.00
500.011000.004.0020.0024.00
1000.0110000.005.00200.00205.00
10000.0020000.0010.00400.00410.00
  • This is when you send money to your bank from your wallet
  • Banks don’t normally charge for deposits
  • Generally, Telecash charges 1.5% of the amount
  • The minimum charge is $0.40

Telecash Send Money Fees

Lower value ($) Upper Value ($)Current Charge ($)IMT Tax ($)Max Charge Including Tax($)
1.005.000.120.000.12
5.0110.000.280.000.28
10.0120.000.590.000.59
20.0130.000.950.000.95
30.0140.001.220.001.22
40.0150.001.540.001.54
50.0160.002.300.002.30
60.0175.002.450.002.45
75.01100.003.480.003.48
100.01150.004.200.004.20
150.01200.005.080.005.08
200.01300.005.326.0011.32
300.01400.005.878.0013.87
400.01500.006.5610.0016.56
500.01600.008.2112.0020.21
600.01700.009.8514.0023.85
700.01800.0011.3016.0027.30
800.01900.0012.1018.0030.10
900.011000.0014.1120.0034.11
1000.015000.001.5%100.00175.00

Telecash Pay Merchant Fees

Lower Value ($)Upper Value ($)Current Charge ($)Maxmum IMT Tax ($)Maximum Charge Including Tax ($)
0.015.000.150.000.15
5.0110.000.290.000.29
10.0120.000.680.000.68
20.0130.000.970.000.97
30.0150.001.740.001.74
50.0175.002.100.002.10
75.01100.002.650.002.65
100.01200.002.730.002.73
200.01300.002.820.002.82
300.01400.003.458.0011.45
400.01500.004.2310.0014.23
500.01600.006.2412.0018.24
600.01700.007.5314.0021.53
700.01800.008.6616.0024.66
800.01900.009.8918.0027.89
900.011000.0010.2720.0030.27
1000.012000.0015.4840.0055.48
2000.013000.0023.8360.0083.83
3000.014000.0031.2380.00111.23
4000.015000.0040.50100.00140.50

Telecash ZimSwitch Swipe Fees

Lower Value($)Upper Value ($)Current Charge ($)IMT Tax For Upper Value($)Max Charge Including Tax ($)
0.0110.000.310.000.31
10.0120.000.680.000.68
20.0130.000.980.000.98
30.0140.001.500.001.50
40.0150.001.740.001.74
50.0175.002.310.002.31
75.01100.002.650.002.65
100.01150.002.700.002.70
150.01200.002.780.002.78
200.01300.002.886.008.88
300.01400.003.508.0011.50
400.01500.005.0010.0015.00
500.011000.0010.0020.0030.00
1000.002000.0020.0040.0060.00
2000.003000.0030.0060.0090.00
3000.004000.0040.0080.00120.00
4000.005000.0050.00100.00150.00
5000.0010000.00100.00200.00300.00
  • For swipe Telecash generally charges 1% of the transaction amount

Telecash Pay Bill Fees

Lower Value($)Upper Value ($)Current Charge ($)IMT Tax For Upper Value($)Max Charge Including Tax ($)
0.012.000.180.000.18
2.015.000.220.000.22
5.0110.000.340.000.34
10.0120.000.500.000.50
20.0130.000.690.000.69
30.0140.000.890.000.89
40.0150.001.090.001.09
50.0175.001.750.001.75
75.01100.002.340.002.34
100.01150.002.550.002.55
150.01200.002.730.002.73
200.01300.002.886.008.88
300.01400.003.558.0011.55
400.01500.004.7610.0014.76
500.01600.005.6312.0017.63
600.01700.006.5214.0020.52
700.01800.007.9016.0023.90
801.00900.009.4218.0027.42
901.001000.0010.2820.0030.28
1000.0110000.00120.00200.00320.00

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